There have been all kinds of Bitcoin predictions these days, and most of them have been really bullish. Today, Bitcoin managed to hit a new ATH, and the king coin surpassed $60k.
Now, Willy Woo predicts that Bitcoin’s ongoing consolidation phase is over, and the strong hands have bought the recent BTC dip.
Woo cited data from the blockchain analytics firm Glassnode and revealed that Bitcoin experienced two major consolidation moves in 2021, with the latest one is almost done.
“The second major consolidation of the 2021 bull market is nearly complete.”
As the online publication mentioned above noted, Woo explains that the recent dip attracted buyers who have the habit of holding BTC for the long haul.
“After hitting an all-time high of $58,330 on February 21st, Bitcoin dipped to a 30-day low of $43,000 before climbing back to current levels of over $56,000,” according to the online publication.
“Strong hands came in to buy this latest dip. Red in this chart showing coins moving to HODLers with very little history of selling,” Woo said.
Bitcoin maximalist Hodlonaut leaves Twitter
People on Twitter are also mentioning Hodlonaut – as you probably know by now, the popular Bitcoin maximalist Hodlonaut made a lot of fans and followers sad with the latest announcement that he dropped on Twitter.
It’s time for this space cat account to retire.
Thanks for all the support, laughs and memories.
It’s been a great ride!
I’ll still be around on some pseudonymous pleb account.
Love you, Bitcoin Twitter. 🧡🌮
— hodlonaut 🌮⚡🔑 🐝 (@hodlonaut) March 11, 2021
Hodlonaut is definitely a mentor for a lot of people on social media, and this can be easily seen via the comments.
There are all kinds of crypto predictions these days and most of them are bullish. Stay tuned for more news and keep your eyes peeled on the market.